Saw Corker and Goolsbee talking on TV about the financial reg bill the
Dems are trying to ram through.
$50 billion fund, an invitation for fraud.
No break up of the "too big to fail" financial institutions.
First time one of those starts to fail where the economy is badly
affected, guess what?
Taxpayer bailout.
They'll use a lot of bpharic's taxes.
Besides that, the fed prints money for the big boys, and lends it to
them interest free whenever they ask for it.
A few big ones have the money printing presses.
Oligopoly of financial companies.
15 years ago the financial sector was 17% of GDP. Now 63%.
Biggest product? Crooked billionaires and economic woe for the U.S.A.
Corker said he wanted compensation clawback in the bill.
Said nothing in there to keep the crooks from pocketing billions of
dollars in compensation as they do their crook thing.
Pump up the company, pull out their billions over a 2-5 year period,
then let it be liquidated. Everybody gets screwed except the crooks.
Common Wall Street play.
NOTHING in the bill to address that.
Goolsbee acted like he never heard of clawback, and said, "We can talk
about that."
What? The Dems are ramming it through as fast as they can so the folks
don't get wise to how they're kissing Wall Street ass.
Looks like the Republicans should be doing this bill, or better yet, the
Tea Party.

Jim - You wonder why there's a Tea Party? You wonder?

On Sun, 25 Apr 2010 14:46:44 -0500, Jim wrote:

Saw Corker and Goolsbee talking on TV about the financial reg bill the
Dems are trying to ram through.
$50 billion fund, an invitation for fraud.

except the fund would be funded by a wall street tax.

No break up of the "too big to fail" financial institutions.

except derivatives would be traded in the open market, not like they
are now.

First time one of those starts to fail where the economy is badly
affected, guess what?
Taxpayer bailout.
They'll use a lot of bpharic's taxes.

just like they used alot of mine now due to CONSERVATIVE economic
practices

guess you kinda forgot that, didn't you? we have the economy NOW that
has been advocated by alan greenspan, milton friedman and the 'chicago
school' of ultra right wing free market fundies

how'd that work out?

15 years ago the financial sector was 17% of GDP. Now 63%.

yeah. aint conservative capitalism great?

Biggest product? Crooked billionaires and economic woe for the U.S.A.

yeah. aint conservative capitalism great?

What? The Dems are ramming it through as fast as they can so the folks
don't get wise to how they're kissing Wall Street ass.

except, of course, the GOP is already meeting behind closed doors to
stop even THIS weak bill because of

free market capitalism

how's that working out?

Looks like the Republicans should be doing this bill, or better yet, the
Tea Party.

Jim - You wonder why there's a Tea Party? You wonder?

the teabaggers ARE republicans...they just want FEWER regulations on
wall street.

"Jim" wrote in message
...
Saw Corker and Goolsbee talking on TV about the financial reg bill the
Dems are trying to ram through.
$50 billion fund, an invitation for fraud.

BS. Right wing BS.

No break up of the "too big to fail" financial institutions.

Needs to happen, I agree.

First time one of those starts to fail where the economy is badly
affected, guess what?
Taxpayer bailout.

Nope. More BS.

They'll use a lot of bpharic's taxes.
Besides that, the fed prints money for the big boys, and lends it to
them interest free whenever they ask for it.
A few big ones have the money printing presses.
Oligopoly of financial companies.
15 years ago the financial sector was 17% of GDP. Now 63%.

Correct. Needs reform/regulation followed by splitting up of the big ones.

Biggest product? Crooked billionaires and economic woe for the U.S.A.
Corker said he wanted compensation clawback in the bill.

Sounds fine to me.

Said nothing in there to keep the crooks from pocketing billions of
dollars in compensation as they do their crook thing.
Pump up the company, pull out their billions over a 2-5 year period,
then let it be liquidated. Everybody gets screwed except the crooks.

Sounds like BS. I bet there's more to it than this.

Common Wall Street play.
NOTHING in the bill to address that.
Goolsbee acted like he never heard of clawback, and said, "We can talk
about that."

What a shocker.... someone who's willing to talk.

What? The Dems are ramming it through as fast as they can so the folks
don't get wise to how they're kissing Wall Street ass.

More BS. It's been worked on for over a year. Just because _you_ haven't
been paying attention and Fox Noise never mentioned it doesn't mean it's
being "rammed" through.

Looks like the Republicans should be doing this bill, or better yet, the
Tea Party.

Looks like you shouldn't be allowed out without a parent or guardian.

Jim - You wonder why there's a Tea Party? You wonder?


--
Nom=de=Plume

On Sun, 25 Apr 2010 14:46:44 -0500, Jim wrote:


15 years ago the financial sector was 17% of GDP. Now 63%.

Something isn't accurate with the above.